NEWS & ADVICE : PERSONAL LOAN
OBC to raise lending rates in faction with peers
By Vaibhav Aggarwal
Jan 31, 2011
Print    Email    RSS   

Public sector lender, Oriental Bank of Commerce has said that any decision regarding hike of loan rates would be after discussion with other banks. The bank has however ruled out any chances of further hike in deposit rates.

"We may have to increase our lending rates, but we have not finalised anything. We will work in tandem with the banking system," OBC Chairman and Managing Director Nagesh Pydah said.

"The deposit rates have reached a level where we want it to be. At the moment we do not have any plan to hike them," Pydah said.

The bank has reported a 41% growth in net profits for the third quarter of this fiscal figuring to Rs 408.25 crore as compared to Rs 289.43 crore in the corresponding quarter last year.

"We have a credit-deposit ratio of 70.32 per cent which is safe. While our credit has gone up by 15.59 per cent year-on-year, the deposits are up by 16.79 per cent," he said.


 


(Comments Posted : 0) Post Your Comments
Show All Comments
COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
What to look for while taking a personal loan
A chronicle of excesses by loan recovery...
Winning in Emerging Markets by Tarun...
Personal loan: Lender of the last resort
Get a loan to meet your any personal need


My monthly salary 11000 and i want personal loan...
i want to check my loan balance in canara bank my...
i want to check my loan balance in canara bank my...
What is the outstanding Amount for my personal loan
ho many month balance in My Personal loan
i need my personal loan track statement

NEWS THIS WEEK
LVB bank joined hands with NCML Feb 18, 2015
Syndicate Bank hiring 5000 new staff Feb 12, 2015
SBI donated Rs 8.6 cr as a part of CSR activity Feb 11, 2015
Canara Bank tied up with NHBC Feb 9, 2015
Hiring for Probationary clerks in South Indian Bank Feb 5, 2015
News Archive